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Scbbnnonbindingintent PDF
Scbbnnonbindingintent PDF
The purchase price in the total sum of $___________________ (“the Purchase Price”)
shall be payable as follows:
______________________________________________________________________
______________________________________________________________________
_____________________________________________________________________.
The Purchase Price shall be allocated among real and personal assets of the Business
being purchased by Buyer as follows:
______________________________________________________________________
______________________________________________________________________
_____________________________________________________________________.
The final binding agreement between Seller and Buyer contemplated hereby shall be
subject to an escrow, the conditions of which shall include the following:
©– SCBBN – 2004 -1 of 2 -
• Approval by appropriate governing agencies of the transfer of any
licenses, permits or interests in property required to operate the Business,
• Disclosure of, and Seller’s examination and approval of, Buyer’s (and any
guarantor’s) credit and financial condition and agreement as to any security for
payment of the Purchase Price if Seller is agreeing to finance any portion of the
Purchase Price,
• Preparation of and agreement to final documents of sale and approval
thereof by the parties’ respective attorneys and other representatives and agents
including, without limitation, documentation of any covenant not to compete,
consulting agreement or other covenant or condition related to the sale of the
Business.
Any additional or modified terms and conditions of the sale contemplated hereby
shall be included in the final documents of sale to be agreed upon and executed by the
parties after execution of this Non-Binding Letter of Intent.
The parties shall each bear their own respective attorneys fees and other costs,
including commissions payable to any brokers or finders, unless and until agreed
otherwise.
©– SCBBN – 2004 -2 of 2 -